Monday, May 10, 2010

 

Does a single-premium life insurance policy make sense as an investment?

Question: I am a 74-year-old married woman, thinking about taking out a single-premium $100,000 universal life insurance policy. My husband and I do not need this money to supplement our income, but CDs are paying such low interest rates. Do you have any advice about this idea?

BND: Does a single-premium life insurance policy make sense as an investment?

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